Page 3 - Antonio Mapa News Today

The Philippine economy ended 2022 on a high note amid roiling external headwinds that forced consumers to endure high inflation.

The BOP is a summary of the country’s transactions with the world for a specific period of time. A deficit happens when foreign fund outflows exceed inflows.

The Department of Agriculture is training its sights on curbing smuggling in a bid to bridge food supply gap.

This was the 18th straight month of expansion. 

The government’s debt stock posted a mild uptick in November last year, tempered by an appreciating peso that cut foreign liabilities.

Following its rate-setting meeting on Thursday, the Monetary Board raised interest rates by 50 basis points.

Data released by the Bangko Sentral ng Pilipinas on Monday showed that while FDIs amounted to $626 million in net inflows, this was lower by 7.9% year-on-year. 

Filipino consumers did not get their much-needed respite from high prices last month after inflation quickened faster than expected in November.

This is what the public should expect, according to Socioeconomic Planning Sec. Arsenio Balisacan.

Year-to-date, cash remittances amounted to $20.99 billion.